Odaily Planet Daily News: Gate, the world's leading cryptocurrency trading platform, announced that its Web3 wallet Gate Wallet will complete a major upgrade in the second quarter of 2025. Since its launch, Gate Wallet has been committed to creating a one-stop multi-chain wallet solution. This upgrade is systematically reconstructed around the three core values ​​of "experience innovation, security upgrade and AI empowerment", covering the wallet creation experience innovation, Gate Wallet Touch ecological advancement, AI intelligent transaction decision support, smart money tracking system, transaction transparency improvement, robot account security upgrade six key module optimizations, aiming to provide Web3 users with a more convenient, smarter and safer full-chain asset management experience.

According to Odaily, Matrixport's latest chart analysis reveals that Ethereum's funding rate has surged to 13.7%, marking the highest level since February this year. This increase is often seen as a positive signal by the market, potentially attracting more inflows into Ethereum ETFs. However, a more significant indicator is the futures open interest, which is nearing its historical peak from December 2024. This suggests that the current price rise is driven mainly by leveraged futures traders rather than spot buyers. In contrast to Bitcoin, which remains dominated by spot demand, Ethereum's market behavior is diverging. There has been a recent surge in bullish options buying, combined with gamma hedging effects, which exposes ETH to a noticeable gap risk. The market is becoming increasingly fragile and sensitive to momentum shifts.

Michael Saylor, Executive Chairman of Strategy, has dismissed speculation that a new crypto winter is on the horizon, doubling down on his bullish Bitcoin outlook. source: https://cryptonews.com/news/michael-saylor-says-crypto-winter-isnt-coming/

Odaily Planet Daily News According to official news from the U.S. House of Representatives Financial Services Committee, the U.S. CLARITY Act passed the review with 32 votes to 19 and will be submitted to the House of Representatives for a full vote.

Connecticut halts all public investment in digital assets while other U. S. states move toward strategic bitcoin reserves. source: https://atlas21.com/connecticut-says-no-to-bitcoin-law-approved-banning-state-crypto-reserves/?utm_source=rss&utm_medium=rss&utm_campaign=connecticut-says-no-to-bitcoin-law-approved-banning-state-crypto-reserves

According to ShibDaily, Wyoming Senator Cynthia Lummis has called for a revision of the current cryptocurrency tax policy, arguing that Bitcoin and other digital assets are being unfairly affected by existing tax regulations. In a post dated June 10, Senator Lummis emphasized the need for changes in crypto taxation, stating that the current rules are flawed and require reconciliation. Known as Congress's 'Crypto Queen,' Senator Lummis has been at the forefront of cryptocurrency policy development, notably through her introduction of the BITCOIN Act. This legislation aims to formalize U.S. President Donald Trump's executive order by creating a strategic Bitcoin reserve at the federal level. Senator Lummis presented her proposed crypto tax framework at the 2025 Bitcoin Conference, revealing that her office has already submitted a detailed plan to the Senate Finance Committee. In a letter dated May 12, Senator Lummis, along with Bernie Moreno, urged Treasury Secretary Scott Bessent to reconsider the current definition of 'adjusted financial statement income' under U.S. law. They highlighted the Treasury's authority to amend this interpretation to alleviate tax burdens on digital asset firms and encouraged Secretary Bessent to utilize this power. In the United States, the Internal Revenue Service (IRS) treats cryptocurrencies as property, meaning that any profitable crypto transaction is subject to capital gains tax. Short-term gains, from assets held for less than a year, are taxed at ordinary income rates ranging from 10% to 37%, depending on the taxpayer's bracket. Long-term gains, for assets held over a year, benefit from reduced rates of 0%, 15%, or 20%, providing some tax relief to long-term crypto investors. As discussions on crypto taxation continue, both lawmakers and industry experts stress the importance of establishing clearer, more balanced policies that reflect the evolving nature of digital assets. With the rapid advancement of blockchain technology and increasing adoption, tax frameworks must evolve to encourage innovation while ensuring fair compliance. The outcome of these discussions could significantly influence the future landscape of crypto investment and business operations in the U.S., making it essential for stakeholders to remain engaged in the legislative process. The response of policymakers will be crucial in determining whether the country can nurture a thriving digital economy that benefits all participants.

Odaily Planet Daily News Musk X said on the platform that he regretted some of the posts he made last week about US President Trump, and the content of the posts was too extreme.

Odaily Planet Daily News Matrixport released today's chart analysis, saying, "Ethereum's funding rate has soared to 13.7%, a new high since February this year. This is usually interpreted by the market as a positive signal, which is expected to attract more funds from Ethereum ETFs. However, a more noteworthy sign is that the volume of futures open contracts is approaching the historical high in December 2024. It shows that the main driver of this round of price increases is not spot buyers, but leveraged futures traders. Compared with Bitcoin, which is still dominated by spot demand, Ethereum's trend is differentiated. The recent surge in call option buying, coupled with the gamma hedging effect, has put ETH at a significant risk of gapping. The market is becoming more fragile and sensitive to momentum changes."

Coinbase, Coinbase: The future of money has arrived and it’s just beginning Golden Finance, Cryptocurrency holdings are more common than many people think

Wyoming Senator Cynthia Lummis has urged reform of the current crypto tax policy, noting that Bitcoin and other digital assets have been unfairly impacted by flawed tax regulations. “Bitcoin and digital assets are being unfairly targeted because of flawed tax rules. We need crypto revisions in reconciliation,” Senator Lummis wrote in a June 10 X post. Senator Lummis, often dubbed Congress’s “Crypto Queen,” has taken a leading role in advancing cryptocurrency policy through her introduction of the BITCOIN Act source: https://news.shib.io/2025/06/11/senator-lummis-calls-for-crypto-tax-reform-to-address-unfair-tax-rules/?utm_source=rss&utm_medium=rss&utm_campaign=senator-lummis-calls-for-crypto-tax-reform-to-address-unfair-tax-rules

The U. S. House Agriculture Committee has voted to advance the CLARITY Act, a legislative proposal aimed at establishing a formal regulatory framework for digital assets. The vote comes as members of the House Financial Services Committee simultaneously reviewed a developer-focused amendment to the bill source: https://news.shib.io/2025/06/11/house-agriculture-committee-advances-clarity-act-to-clarify-crypto-rules/?utm_source=rss&utm_medium=rss&utm_campaign=house-agriculture-committee-advances-clarity-act-to-clarify-crypto-rules

CFPB Acting Enforcement Director Cara Petersen resigned, criticising agency leadership for undermining its core mission and lacking any real intent to enforce the law.

Mark Zuckerberg is personally leading Meta’s effort to build a top AI team focused on creating advanced artificial intelligence after setbacks with their latest model. The company is investing billions and recruiting experts to improve AI tools and compete with rivals like OpenAI and Google.

Ethereum staking has hit a new record, with nearly 29% of all ETH now locked as the price climbs above $2,700. The rise comes as investors show more confidence and hopes grow for spot ETH ETFs that include staking.

Waseda University found 75% of participants sought emotional advice from chatbots, showing attachment styles similar to anxiety and avoidance. Lead researcher Fan Yang warned such bonds could expose vulnerable users to AI exploitation.

This study analyzes the token lifecycle performance of Binance’s four major listing channels - Alpha, IDO, Futures, and Spot - and tracks their subsequent listings on Bitget, Bybit, Coinbase, and Upbit.

The SEC has asked Solana ETF issuers to quickly update their filings, speeding up the approval process with decisions possible within weeks. This includes allowing staking features, which could boost investor interest and confidence in Solana.

South Korean lawmaker Min Byeong-deok has proposed a bill to expand digital asset regulations, building on the Virtual Asset Investor Protection Act with a focus on stablecoin oversight. The move reflects growing global momentum, echoing efforts like the GENIUS and STABLE Acts.

OpenAI faced a five-hour global outage affecting ChatGPT, Sora, and its APIs, disrupting user access to key tools. As services return to normal, the incident prompts a pressing question: are we becoming too reliant on AI systems we do not fully control?

From a tech giant to a rising political star, Musk's every move has attracted global attention. Is his idea of ​​an "American Party" a sudden whim or a well-thought-out strategy?